After a sell trade not taken on invalidation of an H & S, here is my next trade proposal :
this time buyer, on a bullish breakout of a Cup & Handle.
Positioning of the opening, target and stop loss threshold on the chart.
DISCLAIMER: This is not an investment advice. You are solely responsible for your positions.
this time buyer, on a bullish breakout of a Cup & Handle.
Positioning of the opening, target and stop loss threshold on the chart.
DISCLAIMER: This is not an investment advice. You are solely responsible for your positions.
Nota
This Rising Wedge was successful where the previous Rising Channel failed: break up the oblique line of bearish trend traced from the top!
Be careful, however, that this is not a fake breakout, because the Rising Wedge is above all a reversal pattern with bearish output as represented below:
Hence the importance of having placed my opening of trade buyer above the bullish breakout of the Cup & Handle line!
Nota
Evolution as expected under the oblique resistance:Dagangan aktif
We are approaching the breakout line of the Cup & Handle, pattern to which are added two other bullish signal patterns: an Inverted H & S drawn in white below, and now the bullish breakout of an ascending triangle drawn in blue below:
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.